STRATEGIC PARTNERS
December 3, 2018
The Madera Group, which operates several Mexican brands, has raised $20.85 million in funding in its latest equity round. The investment comes from Breakwater Management, according to a press release.
The funding will support TMG's expansion of Tocaya Organica, a modern organic Mexican concept with 10 locations in Southern California and Arizona; Toca Madera, a fine dining organic Mexican concept, and Casa Madera, a fine dining and beach lounge concept established in a partnership with Caesars Entertainment.
The group's expansion plan includes an additional 13 venues opening throughout the U.S. and abroad by the end of 2019, according to the release.
"This transaction provides us with capital to continue our rapid growth and further our goal of delivering elevated dining experiences that make eating well effortless," said Amrou Manaseer, co-founder of TMG in the release.
